He conveyed that this collaboration aims to provide more affordable access to funding for the Red and White Cooperative, so that cooperatives can carry out economic activities with a lighter interest expense.
"For the Red and White Cooperative, the funds are cheap to cooperatives, this is because we and BI are doing a kind of burden sharing," he said at the Committee IV Working Meeting with the Minister of National Development Planning/Head of Bappenas, Minister of Finance and Governor of BI, Tuesday, September 2.
He emphasized that this collaboration is not only focused on monetary stability, but is also directed at promoting national economic growth in a sustainable manner.
However, he stressed that the role of Bank Indonesia must still be maintained in order to remain proportional and in accordance with its mandate as an independent central bank.
"Things like that so that BI also has a role in this case that is not only stability but still proportional. Still, Bank Indonesia has independence," he said.
Sri Mulyani also added that the synergy between the government and BI is expected to strengthen various social and public housing programs that are the priority of President Prabowo Subianto's government.
On the same occasion, BI Governor Perry Warjiyo stated that the implementation of burden sharing this time was intended to fund various people's economic programs which were part of the Asta Cita agenda of President Prabowo Subianto's administration.
He revealed that as of Monday, September 1, 2025, Bank Indonesia had purchased Government Securities (SBN) worth IDR 200 trillion.
According to Perry, the purchase of SBN does not only play a role in maintaining the stability of the rupiah exchange rate and ensuring sufficient liquidity, but also supports the financing of government priority programs.
"We have updated, since yesterday we have purchased SBN of IDR 200 trillion, yesterday's latest data including for debt switching," he said.
He explained that some of the funds would be used to finance populist programs such as the construction of 3 million people's homes, the development of the Red and White Village Cooperative, as well as various other priority programs.
"We synergize with the Minister of Finance some of the funds from SBN for funding people's economic programs in asta ideals such as public housing, red and white village cooperatives with burden sharing or distribution of interest expenses, which of course together with the ministry of finance and therefore will reduce the financing burden of programs for the people's economy in the ast ideal," he said.
Perry explained that his party had coordinated with the Ministry of Finance to direct part of the funds from the purchase of the SBN to priority sectors such as financing people's housing programs and strengthening the Red and White Village Cooperative.
"We also agreed to distribute the burden sharing burden for the interest, we agreed half-parah," he added.
He gave an example, for example, the interest expense for public housing funding is set at 2.9 percent, which will be jointly borne by both parties. Meanwhile, for the Merah Putih village cooperative program, interest is set at 2.15 percent which aims to ease the government's fiscal burden in terms of interest financing.
He explained that the calculation of the interest expense using the 10-year SBN interest formula was reduced by the placement of government funds in banks, then the difference was divided into two.
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Perry emphasized that the burden sharing policy was still carried out with the precautionary principle, and was based on close coordination between monetary and fiscal policies.
For information, as part of this scheme, the government has placed funds of IDR 83 trillion in banks to support the financing of the Merah Putih Cooperative.
In addition, each cooperative can obtain a maximum loan of IDR 3 billion with a period of six years and a grace period of 6 to 8 months.
Next, the loan interest rate is set at 6 percent per year, and is valid (flat) during the loan tenor period.
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